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Friday, March 31, 2017

CIMdata Announces Successful 2017 North American PLM Market & Industry Forum and Releases Its 2016 PLM Market Analysis

Event presents PLM Industry Trends, 2016 Global PLM Market Growth, and Major Research Topics

ANN ARBOR, Michigan, 31 March 2016—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the successful completion of its 2017 North American PLM Market & Industry Forum—the first in a series of five global events. This year’s North American event was held in Ann Arbor, Michigan on 30 March 2017. There were 52 PLM industry participants representing 31 leading global PLM software and service providers.

CIMdata’s PLM Market & Industry Forums represent the world’s premier event for software and service providers focused specifically on the PLM market and the issues concerning its development and growth. Participants gathered to hear CIMdata’s perspective on the state and trends of the PLM market, as well as a detailed discussion on CIMdata’s research and viewpoints on the 2016 PLM market results. CIMdata’s extensive analysis and forecasts regarding market growth across PLM domains, industries, and geographical regions, and the performance (revenue and market share analysis) of leading PLM software and service providers was shared.

The theme for the event was “PLM: A Key Enabler for Digitalization.” Over the last several years, the IT world has dramatically changed due to several strong influences, namely SMAC and now IoT. The next big thing seems to be digitalization, which leverages solutions addressing the SMAC and IoT trends to help companies fundamentally transform their businesses.

The Forum agenda included sessions covering emerging trends in the market. Presentations included “Digitalization, Model-based X, PLM and the Digital Thread,” “Defining and Managing the Digital Twin throughout the Lifecycle,” “Beams and Bits: Making the Case for Digitalization in AEC,” “Cloud PLM Market Assessment,” “IoT: Expanding the PLM Opportunity,” and “Configure-Price-Quote (CPQ) and PLM.”

Commenting on the PLM market, Stan Przybylinski, CIMdata’s Vice President of Research noted that, “The PLM market, as measured by CIMdata, grew by 5.2% in calendar year 2016, with growth in almost all segments. Simulation & Analysis had another good year, with 8.2% growth for the year. The requirements for developing smart, connected products helped drive growth in software development tools. Both mechanical computer-aided design (MCAD) segments grew faster in recent years, a good sign. The trend toward digital transformation will require strong PLM processes and enabling environments, which will drive overall PLM market growth in the coming years.”

The North American PLM Market & Industry Forum is the first in a global series, with the next scheduled for 6 April in Stuttgart, Germany. Additional PLM Market & Industry Forum sessions take place on 10 April in Bangalore, India, 14 April in Beijing, China, and 19 April in Tokyo, Japan.

The PLM Market & Industry Forums provide the first look at CIMdata’s PLM market estimates. The full analysis will be released in the CIMdata PLM Market Analysis Report Series. For more information, please see www.CIMdata.com.

 

 

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